Bloomberg Tech

Amazon.com Inc. Chief Executive Officer Andy Jassy pledged to keep investing in big long-term bets despite cost-cuts and an uncertain economy, moving ahead with a global expansion and efforts to become a bigger player in groceries and healthcare.

Ether rallied past $2,000 for the first time since August after a widely anticipated software upgrade to the most commercially important blockchain went according to plan, and as worries of initial rapid outflows proved unfounded.

The White House urged social media companies to prevent the circulation of information that could hurt national security as it works to clean up an intelligence leak that exposed US spy assessments on Ukraine’s defenses and other sensitive topics.

Battery-powered big rigs have a head start, but don’t count out hydrogen trucks yet.

The UK housing market is on a path to recovery, according to HSBC Holdings Plc analysts, who are recommending clients invest in the country’s bruised homebuilder stocks.

SoftBank Group Corp. is moving to sell more of its stake in Chinese internet giant Alibaba Group Holding Ltd., unwinding the bet that spurred the Japanese company’s ambition to invest billions of dollars into startups.

Xi Jinping led a parade of officials this spring vowing to revive China’s economy, hoping to repair the damage wrought by years of Covid Zero and regulatory clampdowns. Some of the world’s biggest investors are selling anyway.